Which of the Following Would Lack the Capacity to Become

question 51

Multiple Choice

Which of the following would lack the capacity to become a partner?

• A) A business trust
• B) A retired person over 74
• C) A corporation
• D) None of these lack capacity;any of them could become a partner.

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Definitions:

Excess Cash

Funds that exceed the normal operational needs of a business, which may be used for investment or other purposes.

Earnings Per Share

A financial metric that calculates the portion of a company's profit allocated to each outstanding share of common stock, indicating the company's profitability.

Stock Repurchase

A transaction in which a company buys back its own shares from the market, often to increase the value of remaining shares by reducing the supply.

Excess Cash

Funds that exceed the normal operating needs of a company, potentially available for investment or distribution to shareholders.